HomeMy WebLinkAbout1411 l~lii~ IllOft~3~`f is madt, ho~~~r~~[, suhjr:t to ttic (oilowing :.o~c::.tint., c~r.~itio~. :,na .i~~;cc;ncat~:
i~(tt~l~: 'That the mortgagor hrreby agrees and c~~~enants to ~a}• the inte;~st a~:.i ~ rnci~~.~l t;er,:~:~ secur..i ~•:.~~:~i~'i~;
,~l::n aue and if default be mad~ in any ~art tl~ereof, or in tl~e ~~.i~i;icn: of zi~~ ~~:her :::oric; her:by ;t•c.~re.?, th:•~i ;hc
me shall, ~vithout demand if mortgagee s~all elect, become due an~~ pa~.ible at once ~n~f th~ r.•:or,` :,~e n:.~~~ h: ?orc•:;o~ed
~n the ~i~anner pro~•idcd by law.
SEC:UNU: That the mort~agur agrces to pay as ihe s:~m: b:carle ~ti~e : nd ~~:i~~able alt taxe~, 1».;~n,~nts, : n:f : ther
~h~r~es i~nposed by law (including ~iitch, can.il, reser~•o::, or oiher ti•ater thir;;es, t:iz:>, or as;es.~nents) uf~on :.ii~
~~CCfi:~je~ or any part thereof intluding the mortgagee~5 lllifC~St LI1~It1(1 dtl~~ UE`OR lill> 171i>:!ti.:i;~ i1C 'il: 1JtC o: I11.~Ci~:~:'~iRfSS
secure,i hereby, pravided that should the amounts paid far the mortgabee und:r this ~.iraF;raph for such taxes, ~sses>m::nts
an3 other tharges togetyer with the interest on the inde~tecinc» es:~e:.l the nighest inter~st rs!e pcrntitb~d by 1a~.~ un the
in:icbtedness then owint;, mortga~or shall not be liablc to pa~~ :en~• af su~tl EXCCSS O~f'C tlic hinh~st law~ful r3te. In thc c.•cr.t
of the passage, after the date hereof, of any l.iw by tf,c S±at: of F?ori~ll, de~lu,tin~ f CJ:tl tj1C' ~'alu~ of land For the t:ui ose
of taxation any lien theteon or changing in any «~.i1 ±lie cxi:ti~~g la~~: s Eor the tasation of m~rt~ages or deb,; scc~zrrl t:'or*-
g.~~~ for state or local purposes, a: tt~e manner of the a~ll~ctioi~ o'i ari}~ sucn t.ix. s~~ as tu atiect this n:o::,:;as;c, the hol~i: r of
this mortgage and of the debt which it secures, chal! ha~•e thc ri~ht t~, ~l\'C S1\ (G) n;un~hs' ~~r;ucn noiicc to thc o:vrcr oi ~aid
lin.~ requiring the papment oE the ~•ntire indebte~'ness ~.cured h~rebti~, an.i it i~ hereb~ a~rec:3 ;1~~; if surh ne;i:c: be ,~i~~n the
s.ii~~ indebtedness shall becoine duc, and collectible at the espiri~~c~n ci said six (6) montils.
Tf3IRD: That the morcga~or a~;rces to ray all other ~eb:s tF:it arc no~~• o: n,a}• hc~ome licns uj on or ch:~r~es ~gainsi
si:.f p,emisec, and not to permit an}' lien of an~~ kind to accr~le an:f rer.~~in on s3ic~ pre:nises, or the unFre~•cn:~ents thereon,
~~hich r;ight take precedence over th~ tien of this mcrt~age. ~Che :r:o;~g.igor further 3;rees r:ot ro ir~.~te any lien on said
tuc:niseti ;unior hereto unless the ~^crsan entitled to the ber,efit~ :hcrrot ~half h:t~r 1~;rce~? that t}ie tin~e for the pa~n:ent of
the in:.lebtedne~s tiereby secured 1nd tl:e minner an.l smount of p~}'ment the;eot and t!ie henefi!s of the secunty at~orded
1ier~h}• r.~:i;•, «~ithout eonsen; of such percon and ~+~ithout ~n~~ c'uli~~tion to gi~•e notice of an}~ kind tl~er~to, be rsten~ied,
reexter.ded, acteteratecl, suspended anu' refuncled on an}~ ter,ns n:(~::isucve~ ~~~ithout in any manner at~ectin~ the priorit}
.+f th~ !i~n hereb~~ created as securit}- lor tlir Fa~~mer.k of lh~ in•_ac:~~; {ress secure~i hercby~ or any obligati~,n subs:itute.l
therefo: or iscue~l to rcfun~~ sa~~~e.
t'OL'R'TH: That the m~~rt,~a~c~r ~~;rces to kecp s:id prem;ses and im~.o~~_ments tli^r~or, in ~;oo.l c,m.!i:i~~a : r..i rerair
111~j [lOt [O iv~tl!P.lr Of Sl.lf{ef \i'.;Sfe thCCCOt; to oper:tC iil lan.i5, R1letner im~~ru~~eci p:i~tures, OfC11,lCi~~, ~;:;Z~I1~„ t:.l:~~:. O'
CCOh 11:li~Sr ttl 3~OOi~ and husbandmarlike m.inner :n : CCOC.~.1(1CP ~~'Ittl aC.Ci~::~ f`flllClt~~~i Ot St~U!le{ :1SItlUit'1I: ~:if:c~ tUCC<[R'
p:ic[i:~;• to take all reasonable pri~.au'I.iE1S tq ~~;IliCO~ 1;it;:~ :1';~~ \~':l[C'I erosi~itm; iJ i~l"(!:I7_C li!~~~IO~'~~~ l.d~[UfCS, il ;lll:, `..;:~'IC
I?Ci:~~.if'',• to n;aintain a~ood st:ut.~ OE ~i~~lC3~.,le ~rassCS; i~? 1•.(:.~;~t 0`if7l.i~i dR.~ ~;^ii7CC, lf 1111'~ ~y C~.1~0':~};~[' ~~::Ci'.'C;t:''.i
~,3in;t loss or d1mage by fire including the maintenln:e of ar^rot ~+aie !ire b:caks: an~', nei,hc; to -r.r.~c-~•e ~}~.r^;:: !he
CCR1J~~3~ Ot 1[)~- tlfll:)EC, t`iUl~~l(l~,'S~ Ol~~ S3S~ miner.il, 5`Oii", Ci~~~i. ll.ly'~ f~':±fi!ZCC, f;: ~~CI OI rOal ::~~1~ \Ctt}IOG= i(1'_ ~`I'O"
:0:: ..~i~ Of i}1P fTIJ:Ck~3~`CC. ~~1: fIiJCt~~~CC 5~13~1 t11~':, t11C il:~fli t'~ 11?~i' :t Ci?C lP.~; :__.l}}:~.{ .~;~-i) f~:.:~11t ,}~~l'_ ~...lr_S
1CC3 I;?i_IZ': f5 dS t}1C iT13if?1~Ce may desire, to determine if1C i„OIt~3f~0[~S C0~71~;~::(]:~ '.t';i~l t~;:' CO~C(l.ifl!i ~,?rii3t7iC;j :[7 .~tt'~
~l.i:t:: Cf:i~ fi~i0(t~1~C'.
l~.l~"I~H: 'I~hat the mortgaboc agrees to pro;tire, maintain and <':eli~~er. Fr.tni~~nr~ ~.~id, to th~ rror•'~~~.~_~,_ t~o!icic~ of
,
iruur.~nce a~ainst StiCtl }11ZdI ~i en kne buil~~II1ti5 RO:': l~i ~lc'~::~EC~L ~0:3tG.~ Otl Sa!C~ ~)CtiT].SES :!S the :I:t?.lt.'.F~~C I.^::~' ~[Otil ':illi'
to tin:; r~.~t~ire, in s<<ch companies and in such amour: an ~ f;,r,i: ~n:i s.:~h l~;;s ;,,:c~bl^ cl ..~~c~ s:~:l? ~be t.!:i;f,c-
!C;'\' t~l t:.. ;:OCtti.l^CC. 1}le II:OItti.l;"„ 1S ~U~Et.,l[1ZC'.~ i~.J .l^:{ l.t~~i~li c'.I.~ ~.`J~iCI:.'~ tp 3i1~ ~`LiCCft~S~~f OE t~]!i if1JC;!'.i'~C' ~l,*
to t}i_ i,t:rchaser of S.lit~ ~7[CllllSe5 at an~• forcclosure sale. In C~CI1C i~F ~C:~ t;:t IT;O:if~:~~ct t~ :.^f:i;i': :ii1,!:~~'('L::.3 ;ti:~ C'iT?•
E~O`,t'cC~~~ t0 c:`±~C t): COf:lt~[OI?1lSe C~1tP.?5 L(].~Cf S1ICl ~~OI;~IC~. :1[l:~ f}l~ ~?~O::~Ccjt fl+~lll S::lij i'O~!:tCS :~S ~.VCiI 15 :7~' Orll:-C }~Oi:•; !CS
nr~~cured b~; th~ lilortga~or shall be pard ro the mortga~ee n=ho at its sole discretion may at ply~ sam~ or any p3rt thereof ~n
.lC~:~~i:!1'. :%I (E;C' I7:j;bte~ness scCU[f~~ ileCC}~'y ~~~}l~ ther or ROt tI12t1 ~~llC .1(?Ci ~`,1~'dLJ~C, Of ;1?3~ i~~~~ly~ thC Sal(?:: Oi ~lt;~ ~ 1It t}iC~CcUt
t~tt'3;:{S ftl~ 3~tCf~lti0C1, reconsinution or repair oE sai~f buildin~s, eithcr to t}lc ~?O:ililll ~~3C(l~~'~'.'il or ar,~ G:}l.^f ~~:~iEl~~:l ~~lcf:Of,
Of CCI_.li~ 51!;;e t~l t]1~ C;OLtf^,1~OC. SUC}2 3i jJI1C3ttOR Oi :C1~3~C ~h1~~ (.'J! IUCC U: ~`%.?ri'C : Ily' ~C~1U1[ OL I70`.ICC O~ c~Cf_lUi~ 11~,:CC-
un.lc: or im•zli ~.1;: ZnS~ act done pursuan; to such notice.
SIY~I'H: 'I~ti :t sn the eveni the mort€a~or shal( fail L3 7IO;i:re, r.~a~nt:ir 1r. j cicli~~er t'~c insut.ince E o':~c~e;, ,.~_::~i.:eis
FJf[~ ~ll~i, O.' t0 j'1~~ 1i ~E1C Same 4;e~~mC ~~li~ 3RC~ ~.ll'3hIC~ :'.R}' t3\ Of :iS~~iiii:E[li lfil~'.[i~l"~ JL' I.iN tii.0i1 S.11U ~~feili:5~~ O:
f~~:: the~eof, or the nate, or in~iebteclness secured 'nereb}•, or ,o ps}~ an}• lirn, clairn or ch:~r~;•. a~,ains; s~,;h ~rea~i;e~ ~.~.;;i:h
mihh' tak~ prec::lente o~~er the lien of this mortg_~e or tc~ complj• W~ith the pre~~isions o: ~ aragraph Fou~th hereof, the
mort;;agee may, w:thout notice or demand, iasc~re any of th~buildin~s _and pati~ the c~~t of such insuranre Zn~3 T~.3~ ar,}~ nf
sai~l taxes, assessments, liens, claims and charge~;, or any ~art thercof, or re~leem from t};e sale of sai~l ~~;cn:ises for a1y
~ t.i:~es ar assessments (i:recularities in th: le~-;• or impositinn of any ,1x or asscssmcnt beinfi es~ressly- «~aived), or ~edc~em
from the sale of said premises resulting from the enforier.~ent of any such lien, ciaim or charbe, or expend s~~ch si.ms as
may be necessary to carrect the failure oE the mort~agor to c~mpl}' wi,h ihe pro~~isiuns oi said para~:aph Fo~uth, an,~ the
mortgagar hereby agrees immedistely to rcpay to the mortga~ee, a•itho~~t no~ice oc demar~d, any sums so paid with interest
khereon at the same rate as specified in the note secured herebv on the prin~ipa[ thereof after default and maturit~~, an_i a!i
sur.is paid b}' the mortgagee with interest shall become a part of the indebtedness secured hereby, and in defauIt of
immediate repayment thereof t~y the mortgagor thc whole indebtedness senired hereb~• shall at the optior, of the me~rtragee
become due and payable forthwith without notice.
SIXTH-A: In the event that the mortgag~d premi~es, or any portion the reof, be
sold or conveyed prior to the tim~ the ind~btedne~s secured hereby shall have been
paid in full, then the ertire i.ndebtedness secured by this mortgage shall, at the
option of the Mortgagee, b~c~orrze due and payab~l~.
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